CAC 40 Slides On Inflation Concerns

RTTNews | 593 days ago
CAC 40 Slides On Inflation Concerns

(RTTNews) - French stocks traded lower on Friday after an upside revision to September inflation. According to final figures from the INSEE statistics body, the inflation figure, on an EU-harmonized basis, has been revised up to 5.7 percent from the preliminary figure of 5.6 percent.

Spanish annual inflation also stood higher for a third consecutive month at 3.5 percent, raising pressure on the European Central Bank to keep interest rates at an elevated time for some time.

The benchmark CAC 40 was down 24 points, or 0.3 percent, at 7,080 after losing 0.4 percent the previous day.

Real estate company Unibail-Rodamco-Westfield was moving lower after it received a binding offer from real estate company Frey for Polygone Riviera for a net disposal price of 272.3 million euros. The price is at a 4 percent discount to last unaffected book value.

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Japan Stock Market May Extend Wednesday's Losses

Japan Stock Market May Extend Wednesday's Losses

The Japan stock market on Wednesday snapped the three-day winning streak in which it had collected almost 750 points or 2 percent. The Nikkei 225 now sits just above the 27,720-point plateau and it may take further damage on Thursday.
RTTNews | 12 minutes ago
KOSPI Likely To Remain Rangebound

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Korea Rate Decision Due On Thursday

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Swiss Market Ends Notably Lower

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RTTNews | 6h 9min ago
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Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

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RTTNews | 10h 44min ago